from new pursuits. The company is betting on a market recovery despite a slump in its earnings and stock price amid Covid-19 curbs and rising interest rates. Henderson’s net profit for the first half of 2022 dropped 27% to HK$4.8 billion from a year earlier on higher construction and financial costs, despite 8% higher revenue. Nevertheless, the company has been expanding both commercial and residential projects to fuel future growth. The founder’s wealth declined $3.9 billion to $30.
Meanwhile, the recent reopening of quarantine-free cross-boundary travel with China has spurred sales of the third phase of One Innovale, its residential project in the city’s New Territories. More than half of its 565 units were snapped up as of January.
👍
Realstate business is the most rocksolid investment there is. A place hiding from bad weather and ten folded last 40 years around the globe !
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Crash: Bubble Expert Warns 60% Further Downside AheadA notorious market bear who called the 2000 and 2008 crashes says stocks still have 60% further downside as sky-high valuations remain more inflated than every other crash over the last 100 years except for 1929
Source: BusinessInsider - 🏆 729. / 51 Read more »